September 2, 2014
Eric Stebel, tel: 281-719-4602
Houston – Huntsman Corporation’s (NYSE: HUN) Polyurethanes division has completed the installation of a new reactor at its TEROL® Performance Polyols manufacturing facility in Houston, Texas in response to growing demand for specialty polyol products.
Construction on the new reactor began in late January 2014, and it is now fully operational. The new aromatic polyol reactor has significantly increased the site’s annual production capacity, enabling the Company to serve its customers future growth in demand.
Huntsman offers one of the broadest ranges of aromatic polyester polyols for rigid foam applications, with hydroxyl values ranging from 120 to 350. Additionally, its customized polyol solutions can meet the most demanding industry applications.
Huntsman TEROL polyols are used in a wide range of applications, including spray polyurethane foam, boardstock, insulated metal panels, structural insulated panels, appliances and commercial refrigeration.
“Our investment in the TEROL manufacturing site illustrates a continuing commitment to support the growth in these specialty polyols, as well as the global MDI Urethanes business. By increasing the site’s production capability, Huntsman is positioned to drive growth in our downstream MDI insulation systems business and expand into new markets,” said Steve Burns, Vice President, Americas, Huntsman Polyurethanes.
Earlier this year, Huntsman installed a new 22 MMBTU furnace at the site to accommodate the addition of up to three polyol reactors. This is the first new reactor installed under the increased capacity of the new furnace.
Huntsman completed the acquisition of the TEROL business from Oxid L.P. in August 2013.
TEROL® is a registered trademark of Huntsman International LLC.
Huntsman Corporation is a publicly traded global manufacturer and marketer of differentiated chemicals with 2013 revenues of over $11 billion. Our chemical products number in the thousands and are sold worldwide to manufacturers serving a broad and diverse range of consumer and industrial end markets. We operate more than 80 manufacturing and R&D facilities in 30 countries and employ approximately 12,000 associates within our 5 distinct business divisions. For more information about Huntsman, please visit the company's website at www.huntsman.com.
Statements in this release that are not historical are forward-looking statements. These statements are based on management’s current beliefs and expectations. The forward-looking statements in this release are subject to uncertainty and changes in circumstances and involve risks and uncertainties that may affect the company’s operations, markets, products, services, prices and other factors as discussed in the Huntsman companies’ filings with the U.S. Securities and Exchange Commission. Significant risks and uncertainties may relate to, but are not limited to, financial, economic, competitive, environmental, political, legal, regulatory and technological factors. In addition, the completion of any transactions described in this release is subject to a number of uncertainties and closing will be subject to approvals and other customary conditions. Accordingly, there can be no assurance that such transactions will be completed or that the company’s expectations will be realized. The company
assumes no obligation to provide revisions to any forward-looking statements should circumstances change, except as otherwise required by applicable laws.